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Shenzhen and the Setback In EU Bicycle Exports

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SHENZHEN, China (Nov.18) – The 48.5 % anti-dumping tax imposed by the EU on Chinese bicycles has caused a big slide in the export by Shenzhen, a major export bicycle processing centre in China. Shenzhen, with an annual production capacity of 10 million and an annual export of 8 million, exported more than three million […]

SHENZHEN, China (Nov.18) – The 48.5 % anti-dumping tax imposed by the EU on Chinese bicycles has caused a big slide in the export by Shenzhen, a major export bicycle processing centre in China.

Shenzhen, with an annual production capacity of 10 million and an annual export of 8 million, exported more than three million bicycles in the first half of this year.

The biggest victims of the anti-dumping tax are Shenzhen’s local bicycle makers. The impact is limited for enterprises with Taiwan investment, which have their own factories in Taiwan.

Industrial insiders say that with the rise of raw materials price and cost, the profits of enterprises are falling. China’s bicycle enterprises should improve technology contents, increase the competitiveness of enterprises, establish independent brands and open their own sales channels overseas.

Besides, Shenzhen Bicycle Trade Union will publish trade pledge to standardize the behaviours of enterprises from the perspective of intellectual property right and export price.

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